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Updated over 3 years ago on . Most recent reply

Ivan Romero's profile image
Ivan Romero's profile image
Ivan Romero
  • New to Real Estate
  • from Manvel, TX
  • Member since Apr 20, 2021
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Ivan Romero's profile image
Ivan Romero's profile image
Ivan Romero
  • New to Real Estate
  • from Manvel, TX
  • Member since Apr 20, 2021
Connect
Ivan Romero
  • New to Real Estate
  • Manvel, TX
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New Member Introductions

Home equity gift?HELOC?

Ivan Romero
  • New to Real Estate
  • Manvel, TX
Posted

Hello everyone! 

I'm a 25 year old guy living in Houston, Texas. I've decided I've wanted to start househacking in 2022. My question is: Can my parents gift me some of their home equity they have built in the home they live. They are still paying off the mortgage. I'm looking to househack a SFH, or duplex. What kinds of obstacles can I run into? Or what would be a better alternative if it's not possible?

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